An efficient financial strategy for meeting your investment objectives

SSQ Insurance offers loan programs for investment in RRSPs, TFSAs with a reputable lending institution: B2B Bank.

Why Borrow to Save?

Because the earlier you start saving, the more savings you can accumulate from earnings over time.


The money from an RRSP loan is meant to be invested in an RRSP.

Advantages of an RRSP Loan

  • The returns from your RRSP grow tax free in the plan and increase your savings for retirement
  • The income tax refund from your RRSP contribution can be used to repay a portion of the loan
  • Options are available to postpone the first loan payment, usually until the tax refund is received 
  • You may invest the borrowed amount in a guaranteed interest account (GIA) or in your choice of segregated funds.

Is the RRSP Loan for you?

The RRSP loan strategy is right for you if:

  • You want to contribute the maximum amount to your RRSP, either for the current year or to take advantage of your unused contributions
  • You want to increase your retirement savings but don't have the cash
  • You are able to repay the loan
  • You are aware of the risks associated with the RRSP loan strategy*

How to Apply for an RRSP Loan?

Contact your financial security advisor or call us.


A TFSA loan means borrowing money to invest in a TFSA.

Advantages of a TFSA loan

  • TFSA returns are tax free
  • The minimum amount of the loan is $5,000 and you can take up to 10 years to repay it
  • No penalty if you repay your loan before term

Is the TFSA loan for you?

The TFSA loan is the right investment strategy for you if: 

  • You have reached your annual maximum RRSP contribution limit
  • You want to grow your savings or set up an emergency fund
  • You are able to repay this loan
  • You are aware of the risks associated with the TFSA loan strategy*

How do I apply for a TFSA loan?

Contact your financial security advisor or call us.


* RRSP, TFSA loans involve a significant amount of risk. Even if the value of investments varies, the balance of the loan must be repaid. In addition, the amount of the monthly payment may vary if you have chosen a variable interest rate on your loan─just one more thing to consider when preparing your financial plan.

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